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New York & Tri-State  + New Jersey  + Office  | 

Lakewood Class-A Office Development Lands $35M in Construction Financing  

Newlines Tower, a class-A office development in Lakewood, NJ, has secured $35 million in ground-up construction financing.  

Located at 500 Boulevard of the Americas, the development project will encompass an eight-and-a-half-acre site and feature a six-story office tower spanning approximately 172,000 square feet. The completion of construction is expected by the third quarter of 2024. Additionally, the site will include two retail spaces, a warehouse, and a parking space.  

Meridian Capital Group arranged the loan from a balance sheet lender through negotiations by Morris Betesh, Jacob Schmuckler, and Morris Dabbah. “Despite negative headlines about office performance on a national level, the Lakewood, NJ office market continues to show breakneck growth and resilience,” said Betesh. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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